As of October 1, 2024, international reserves of Ukraine amounted to 38.898 billion US dollars, which is 8.1% or 3.4 billion dollars less compared to the previous month. About this reported press service of the National Bank of Ukraine.
The decrease in reserves is explained by the NBU’s currency interventions to stabilize exchange rate fluctuations and cover the currency deficit on the market, as well as payments on foreign debt in foreign currency.
“These operations were partially offset by the proceeds from the placement of foreign currency bonds of the domestic government loan (foreign currency OVDP) and one of the smallest volumes of international aid since the beginning of the year, which arrived in September after significant volumes in August. This once again demonstrated the irregularity of aid receipts from international partners”, – the NBU notes.
In September, the NBU sold USD 3,213.8 million in the foreign exchange market and bought back only USD 0.6 million, resulting in a net sale of USD 3,213.2 million.
The government also received 674.7 million US dollars for foreign currency accounts at the National Bank. From this amount:
- 456.3 million dollars went to service and repayment of foreign currency bonds;
- 52.1 million dollars – for debt service to the World Bank;
- 44 million dollars – for payments to other international creditors.
In addition, Ukraine paid 729.8 million US dollars to the International Monetary Fund.
September also saw an increase in the value of financial instruments by $381.8 million due to their revaluation.
The NBU emphasizes that the current level of international reserves provides coverage for imports for 5 months of future supplies.
